Trending First Time Home Buyers….WHO ARE THEY?


While the overall number of first-time homebuyers continues to decline, one segment of the population is bucking the trend. Young people ranging in age from their late teens to mid-30s, known as millennials, are the largest and fastest growing group of homebuyers, according to the National Association of REALTORS® (NAR). Instead of converted industrial spaces and hip coffee shops in city centers, these young people are opting instead for older single-family homes with manicured lawns and soccer leagues in the suburbs.

The median age of millennials, 30, is the driving force behind this trend. “This is typically the time in life where one settles down to marry and raise a family,” says Lawrence Yun, NAR’s chief economist. And these buyers are choosing the suburbs over the city, he adds, because of a shortage of condos in urban centers fitting their entry-level price range. “Affordability pressures make buying in the city extremely difficult for most young households,” he says. “Even if an urban setting is where they’d like to buy their first home, the need for more space at an affordable price is for the most part pushing their search further out.”

Source: Council of Residential Specialists

Michael Caruso is a long time member of the Council of Residential Specialists, designation CRS

mcaruso@surterreproperties.com

www.CarusoRealEstate.com

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Stats are in for 2016- Homes Sold in Dana Point, Laguna Beach & Laguna Niguel


Dana Point – Homes Sold:
$0-1M = 346 homes sold
$1M- 3M = 142 homes sold
$3M+ = 45 homes sold
Highest Priced Sale: $19,997,500
Lowest Priced Sale: $186,000

Laguna Beach – Homes Sold:
$0-1M = 45 homes sold
$1M- 3M = 256 homes sold
$3M+ = 73 homes sold
Highest Priced Sale: $45,000,000
Lowest Priced Sale: $261,600

Laguna Niguel – Homes Sold:
$0-1M = 879 homes sold
$1M- 3M = 209 homes sold
$3M+ = 8 homes sold
Highest Priced Sale: $6,295,000
Lowest Priced Sale: $235,000

Are you interested in finding out the 2016 stats for your city? We have homes available throughout OC, for everyone and at every price. Call 949-545-2080 or email us at mcaruso@surterreproperties.com with questions.

www.carusorealestate.com

Carpe Diem…


Special Day Today ~ 12.12.12

It is the last repeating number date of the century, and just possibly holds a bit of magic.  So go seize the day and make it magical.

    

Carpe diem…

 

We Are Now Accepting Qualified Listings

Now providing “Short Sale Services”

Call Today for More Info on Our 

 Marketing Plan 

And thank you for making me Your Orange County Real Estate Connection.     

www.MichaelCarusoRealEstate.com

Best regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GREEN GRI

Past President, Orange County Association of Realtors (949) 495-8600  

Caruso’s OC Happenings for October!


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Orange County Events for October!

Stand Up World Tour    Oct. 2-8

See the world’s best stand up paddle boarders as they converge in Huntington Beach for stop number four of six on the Stand Up World Tour. 8am. Huntington City Beach: 1 Main Street. http://standupworldtour.com

Tiller Days- Tustin     Oct. 5-7

The event provides an opportunity for Tustin to celebrate Orange County’s agricultural heritage. Features Parade (on Saturday at 10 am), carnival, rides, food and entertainment. 17522 Beneta Way, Tustin. 714-573-3326 / http://www.tustintillerdays.org

Walk to End Alzheimer’s     Oct. 6

The Alzheimer’s Association Walk to End Alzheimer’s is the nation’s largest event to raise awareness and funds for Alzheimer’s care, support and research. 7:30am-12pm. Doheny State Beach: 25300 Dana Point Harbor Drive, Dana Point. 949-757-3708 / http://www.danapoint.org

The Vintage Food & Wine Festival     Oct. 6

Don’t miss this annual event at the Mission San Juan Capistrano. Dancing under the stars to live music by Family Style, World Class Wine Tasting, Sample foods from the best local Restaurants, Casino Games, Silent Auction. http://www.vintagesjc.com

NAMI Walks     Oct.6

NAMI Walks is the largest fundraiser for the National Alliance on Mental Illness. NAMI provides free educational programs and services to eliminate the stigma associated with mental illness. 7:30am-12pm. Pier Plaza: 1 Main Street, Huntington Beach. http://namiwalks.org

Paws for a Cause     Oct. 7

Join OC Animal Care for the first Paws for a Cause, a 2-mile dog walk in Huntington Beach! All proceeds will be donated to OC Animal Care, which provides care for abandoned and abused animals. 7:30am. OC Animal Care: 300 Pacific Coast Highway. http://www.paws-for-a-cause.net

Sandcastle Contest     Oct. 7

Thousands of sightseers descend on Corona del Mar State Beach to watch participants – ranging from novice to expert – construct more than 30 entries. Crossroads are Marguerite Ave. & Ocean Blvd. http://newportbeach.com

San Clemente SeaFest     Oct. 7

Chowder Cook-off, Fisherman’s Lobster, Surfing Contest, Business Exposition, Arts & Craft Show and a U.S. Coast Guard Search & Rescue Demo Operation which all takes place at the historic San Clemente Pier area. 949-492-1131 / http://www.scchamber.com/Seafest.asp

Silent River Film Festival     Oct. 11-14

The festival dedicated to the independent filmmakers of the world has been established with a vision to bring East and West together on one platform. Edwards West Park 8 Cinema and other premium locations in Irvine: 3735 Alton Pkwy. http://www.silentriverfilmfestival.com

The Heritage Festival & Parade     Oct. 13

Festivities begin with the Chamber of Commerce pancake breakfast at 6:30 a.m. followed by the parade and band review at 9:30 a.m. The festival begins at 9:30 a.m. Tri-City Park: 2301 N. Kraemer Blvd., Placentia. (714) 524-8535 / http://www.placentia.org

Woodie Car Show     Oct. 14

Presented by the SoCal Woodie Club. Free admission, surf vendors, food, drink and live music. 8am-3pm. Lantern Bay Park: 25111 Park Lantern Road, Dana Point.

Mission Viejo Readers’ Festival     Oct. 14

A full day of authors, adult and children entertainment, vendors, food. Featured authors will be speaking, taking questions and signing books. 12-6pm. Norman P. Murray Community Center & Village Green, Mission Viejo. http://cityofmissionviejo.org/ReadersFestival/

Wine, Cheese & Chocolate Please     Oct. 14

Wine, Cheese & Chocolate in support of Project Self-Sufficiency, a non-profit organization that assists single parents earning their education to become self-sufficient. 2-5pm. Newland Barn: 19822 Beach Blvd., Huntington Beach. http://www.winecheeseandchocolateplease.com

Laguna Beach Plein Air Painting Invitational     Oct. 14-21

Each year the famous seaside community and historic artist colony of Laguna Beach turns into an outdoor studio. Various Locations in Laguna Beach. 949.494.8971 x219 / http://lagunaartmuseum.org/pleinair

Photo credit to:  San Clemente Fine Art Photography  

We Are Now Accepting Qualified Listings

                          Now providing “Short Sale Services”

Call Today for More Info on Our

                       Fall into Fall Marketing Plan

And thank you for making me Your Orange County Real Estate Connection.

www.MichaelCarusoRealEstate.com

Best regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GREEN GRI

Past President, Orange County Association of Realtors (949) 753-7900

Timely Tuesday Photo ~ Mellow Yellow


Time to reflect…

An artist painting on the beach with an unexpected color combination stirs up mixed feelings. To me it brings back warm thoughts of people and places I miss…

Art washes away from the soul the dust of everyday life.
Pablo Picasso 

And thank you for making me Your Orange County Real Estate Connection.     

www.MichaelCarusoRealEstate.com

Best regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GREEN GRI

Past President, Orange County Association of Realtors (949) 753-7900